Technical Analysis: AUD/USD 2012.04.25
There are no changes in a short-term structure. The pair is still trading below the 1.0370-1.0430 resistance area, right where the 100-Day SMA and the 200-Day SMA reside, so we see the risks of a decline towards parity. Breaking below parity would accelerate declines ahead of the 0.9385 support in a medium-term. Only a clear break above the 1.0370-1.0430 area would confirm a shift in the short-term structure and open a fresh upside extension towards the 50-Day SMA by 1.0500 or higher ahead of the 1.0855 resistance.
Edward Smith, technical analyst of company Admiral Markets.
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